U.S. Congress Has a New Online Gambling Bill on its Plate
By Ian Hiaring, Rakeback.com Poker News Staff Writer
We reported last month the push to have an online gambling bill in US. Congress had a new leader, Rep. John Campbell, a California Republican. It didn’t take long to have the bill introduced in the House once new leadership was found.
Titled the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, it is virtually identical to H.R. 2267, which passed the House Financial Services Committee last year, but was stopped in its tracks before it could reach the House floor.
With the House now in the control of Republicans, the bill may have a better chance than last year, but would more than likely still need bipartisan backing in both the House and the Senate.
The spokesperson for the Safe and Secure Internet Gambling Initiative, Michael Waxman, issued a press release stating “This new legislation provides a common-sense approach to better protect American consumers, create thousands of new jobs and generate billions in new revenue to support our economy.”
It’s not surprising the Poker Players Alliance also released a statement in support of the bill. The press release specifically addresses some of the concerns raised in hearings last year regarding the failed H.R. 2267 bill.
“The comprehensive bill closely reflects H.R. 2267, which passed through the House Financial Services Committee in July 2010 with overwhelmingly bipartisan support and addressed concerns raised in the hearings. Calling for the implementation of new technologies to prevent underage play and problem gambler abuse, the bill expands consumer protections not included in the current Unlawful Internet Gambling Enforcement Act (UIGEA). In addition, the federal government and the states will have the authority to prevent consumer fraud and generate revenue through taxes that are currently being paid to competing countries.”
The Poker Players Alliance press release goes on to highlight some of the key provisions of the bill, which include the following:
- Thorough vetting of potential licensees and creation of an OFAC-style list of illegal operators.
- Mandatory implementation of technologies to protect against underage gambling using the commercial and government databases used for online banking to verify age and identity.
- Requirements for operators to set daily, weekly or monthly limits on deposits and losses to monitor and detect individuals with excessive gaming habits.
- High standards to thwart fraud, abuse and cheating to ensure fair games for customers.
- Regulation to prevent money laundering.
- Processes to prevent tax avoidance.
Stick with the RakeBack.com News Team for the latest information on the challenge of legalizing online gaming in the United States.